We deliver book-keeping services either in your chosen accounting system or MYOB, our chosen accounting package for record keeping. The following are the main reasons for needing accurate book-keeping of your business transactions:
1 To discharge your regulatory duties like PAYE, NI, VAT, Income tax and incorporation tax.
2 To plan and control your finances, and help you to efficiently and effectively manage your business.
3 To enable preparation of monthly and quarterly management accounts which can be used as a basis for analysing performance, monitoring performance against budget and a starting place for future planning
4 To enable us to produce your final accounts more efficiently resulting in a saving in your accountancy bills.
MGGM Consulting is a MAMUT accounting software re-seller. We can help with installing and the initial set up of the software and this includes creating a be-spoke chart of accounts that suits your organisation or your reporting requirements.
At MGGM Consulting, we welcome start-up businesses to come and talk to us. We can help you from day one to find the best methods of keeping your books and the best tax saving positions.
We also advice on the following areas:
1. Business structure advice.
2. Business Planning and Cash flow projections
3. Accounting software advice.
Be they monthly, quarterly or six monthly, management accounts are a vital tool in your efforts to improve your business and maximise your profitability. Management accounts can act as your eyes as they can help you to identify problems or opportunities early. They are also a source on gathering business intelligence which can enable you to make informed decisions. Management accounts also go a long way to assisting with bank funding as the bank will have up to date information upon which to make funding judgements.
Annual accounts are a compliance issue whether it is to comply with requirements of HM Revenue & Customs, Companies House, Charities Commission or your financial providers or lenders. We take a proactive approach to annual accounts preparation.
We use the MYOB software products in the preparation of tax returns and computations. We offer support with your tax compliance issues for example VAT and PAYE registration, VAT and payroll taxes return preparation, record keeping and planning.
